xauusd analysis for 9/07/2024
Updated
Last week our analyis on xauusd was perfect , we have predicted that if it cannot break the 2319-2312 zone then it will be bullish up to 2385.
Targets hit
2337 ✅✅✅
2347✅✅✅
2362✅✅✅
2385✅✅✅
our analyis for today:
it will be a ranging market from 2353 to 2371, so buy the dip and sell the high.
▶️ if 2370 is broken then the market will fly upwards to 2385 2393 2404 2421 in extension
▶️ if 2353 support is broken then the market will fall towards
2342 2333 2321 2311 2306
.
we will make a detail analysis on fundamental technical and geopolitical scenarios.
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Targets hit
2337 ✅✅✅
2347✅✅✅
2362✅✅✅
2385✅✅✅
our analyis for today:
it will be a ranging market from 2353 to 2371, so buy the dip and sell the high.
▶️ if 2370 is broken then the market will fly upwards to 2385 2393 2404 2421 in extension
▶️ if 2353 support is broken then the market will fall towards
2342 2333 2321 2311 2306
.
we will make a detail analysis on fundamental technical and geopolitical scenarios.
LIKE US BOOST US FOLLOW US SHARE US
Note
in us market opening xauusd can be very volatileNote
POWELLS SPEECH:Inflation "remains above" the U.S. Federal Reserve's 2% target, but has been improving in recent months and "more good data would strengthen" the case for central bank interest rate cuts, Fed Chair Jerome Powell said on Tuesday in congressional testimony.
In comments that appeared to show increasing faith that inflation will return to the Fed's target, a requirement for easing monetary policy, Powell compared the lack of progress on that front in the first months of the year to recent improvement that has helped build the Fed's confidence that price pressures will continue to diminish.
Note
rejected from 2370 resistanceNote
today morning it got rejected three times from our resistance of 2370Note
tradingview.com/chart/Jj94fS2F/?symbol=OANDA:XAUUSDas we have predicted yesterday 2370 is acting as a great rejection zone and rejected 3 times in asian section today
Note
again rejected for the fourth timeNote
as predicted on breaking 2370 resistance hit the bullish target2385✅✅✅✅
Note
our bullish target of 2421 hit ✅✅✅✅
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